{"id":9711,"date":"2021-09-22T00:00:00","date_gmt":"2021-09-22T07:00:00","guid":{"rendered":"https:\/\/chrisbuyshomesstlseller.carrot.com\/?p=9711"},"modified":"2021-09-22T00:00:00","modified_gmt":"2021-09-22T07:00:00","slug":"4-ways-to-avoid-foreclosure-in-saint-ann-mo","status":"publish","type":"post","link":"https:\/\/www.chrisbuyshomesstl.com\/blog\/4-ways-to-avoid-foreclosure-in-saint-ann-mo\/","title":{"rendered":"345. 4 Ways To Avoid Foreclosure In Saint Ann, MO"},"content":{"rendered":"

We buy houses in Saint Ann, Missouri<\/strong><\/a>, and provide residents with the ideal way to sell their homes fast by offering cash for houses in Saint Ann. If foreclosure is looming over you like a black cloud on a sunny day, don\u2019t ignore the rain. Open the letters your lender is sending you and see where you are at in the process. <\/span>Make sure you find your mortgage documents and read them thoroughly to know what to expect when you don\u2019t make your payments.<\/span><\/em><\/p>\n

If they have just begun to issue notices of non-payment, they haven\u2019t issued the foreclosure yet. But if you ignore the pending legal action letters, that is no excuse in court. You may still have time to handle this situation and avoid a foreclosure on your credit report. As local homebuyers in Missouri, we\u2019ve put down about 4 ways that you do to avoid foreclosure (there are other ways to avoid foreclosure as well) in this blog post. The goal of these strategies is to help you legally and ethically stop foreclosure and reducing the pain and frustration that you\u2019re facing while minimizing any long-term financial commitment or burden to you. Not all of these strategies will apply in every situation but you\u2019ll probably be able to find at least one of the four ways that will work for you.<\/span><\/p>\n

Work With The Government In Saint Ann<\/strong><\/h2>\n

Contact your state to learn more about the foreclosure time frame you are dealing with. When you learn the time frame and the different steps of foreclosure and compare that with what letters or other communication from your lender, this will determine how quickly you need to move to secure your exit strategy. The Federal Government\u2019s Housing of Urban Development department has a handful of programs that may offer you a way out of your situation. A lot of these programs are determined on the home\u2019s value versus how much is left on the loan. HUD<\/a> also has counseling options available to help you understand your financial situation and what options may or may not work for you.<\/span><\/p>\n

Spend Wisely In Saint Ann, Missouri<\/strong><\/h2>\n

Another way to avoid foreclosure<\/a> is to take a long, hard look at your personal finances. Design a budget that will fit your basic needs like food, gas, and mortgage payment. Skip the payments on optional or unnecessary items, like credit cards or expanded cable packages. Maybe opt for a cheaper phone plan and skip eating out. You might have to consider ways to make extra money, such as obtaining an extra job or find odd jobs to do on social market boards or other local listing sites. You may also want to take a look at your home furnishings and sell the higher quality items to make a little extra cash. These options are great if you have a temporary hardship and are expecting to be able to make your mortgage payments more successfully in the next few months.\u00a0\u00a0<\/span><\/p>\n

Rent It Out In Saint Ann, MO<\/strong><\/h2>\n

A creative way to avoid foreclosure is to rent out your house to someone else. Their rent payment now becomes your mortgage and insurance payment. That means you would have to find somewhere else to live that is more affordable and move out. You could also rearrange your home to allow for a roommate to share your property and, depending on the amount of your mortgage payment, they might be able to pay a large portion of it to make it more affordable for you and fit better in your budget. On the other hand, renting out your home may lead to additional headaches from your renters and potential damage to your home.<\/span><\/p>\n

Sell Your MO House Directly<\/strong><\/h2>\n

The most simple way to avoid foreclosure is to nip it in the bud with a short sale<\/a>. There are lots of investors waiting for short sales to come on the market. This is where the bank will negotiate a sale price with a buyer and sells your home short of what is owed on it. Trust us, the bank does not want to own your property. They will usually make an offer that is close to the loan principal, even if the home is worth more than what is left. This makes for a great investment opportunity for buyers with cash on hand.<\/span><\/p>\n

Sell My House In Saint Ann, MO<\/h2>\n

With a short sale, you still end up with the reality of having to leave your MO home, but there is a bright side: The impact to your credit is much less (compared to a bankruptcy or a foreclosure) so this is a smart long-term play to give yourself some options.<\/p>\n

If you find that you\u2019d love to\u00a0sell your house in St. Louis<\/strong><\/a> to get out from under your MO foreclosure, consider selling directly to Chris Buys Homes in St. Louis. We are reputable Missouri home buyers and we purchase local properties as-is and even if you are facing difficult situations, we can help!<\/p>\n

Call Chris Buys Homes in St. Louis<\/a> At (314) 334-1481 Or Send Us A Message<\/a> To Discuss The Short Sale Process With Us And Other Ways To Avoid Foreclosure In Saint Ann, MO!<\/h3>\n","protected":false},"excerpt":{"rendered":"

We buy houses in Saint Ann, Missouri, and provide residents with the ideal way to sell their homes fast by offering cash for houses in Saint Ann. If foreclosure is looming over you like a black cloud on a sunny day, don\u2019t ignore the rain. Open the letters your lender is sending you and see […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[22],"tags":[],"class_list":["post-9711","post","type-post","status-publish","format-standard","hentry","category-sellers"],"_links":{"self":[{"href":"https:\/\/www.chrisbuyshomesstl.com\/wp-json\/wp\/v2\/posts\/9711","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.chrisbuyshomesstl.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.chrisbuyshomesstl.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.chrisbuyshomesstl.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chrisbuyshomesstl.com\/wp-json\/wp\/v2\/comments?post=9711"}],"version-history":[{"count":0,"href":"https:\/\/www.chrisbuyshomesstl.com\/wp-json\/wp\/v2\/posts\/9711\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.chrisbuyshomesstl.com\/wp-json\/wp\/v2\/media?parent=9711"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chrisbuyshomesstl.com\/wp-json\/wp\/v2\/categories?post=9711"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chrisbuyshomesstl.com\/wp-json\/wp\/v2\/tags?post=9711"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}